Aldar awards AED318 million contract to extend Al Ain Mall

The headquarters of Aldar PJSC stands in Abu Dhabi, United Arab Emirates, on Tuesday, Jan. 10, 2012. Abu Dhabi, the oil-rich sheikhdom that spent 36 billion dirhams ($9.8 billion) bailing out its biggest developer in 2011, will probably reach for its checkbook again as property companies in the United Arab Emirates face a stalled market and deadlines to repay debt. Photographer: Duncan Chard/Bloomberg


Aldar Properties PJSC (Aldar), Abu Dhabi’s leading listed property development, investment and management company, has awarded an AED 318m contract for Al Jimi Mall’s refurbishment and expansion works to Pivot Construction Company.
This investment is the latest component of Aldar’s recently announced AED 3 billion investment strategy. Al Jimi Mall remains a key retail asset in Al Ain. It is currently fully occupied with footfall of 8 million visitors a year and this investment will bring new retailers to Al Ain as well as enhancing the overall shopping experience.
This Aldar investment will add an additional leased space of 33,000 sqm GLA bringing the total leased area to 76,000 sqm of retail space; more than fifty percent of this new space is already committed to new tenants excited to operate at the popular Mall.
The project will include an expansion to the west side of the Mall; the ‘West Wing’ adding 51 new units over three levels.

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